Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h −0.025%
Price spread now: Polymarket Perps against Deribit+0.043%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit NBIS_USDC-PERPETUAL233.780.0050pay 0.0006% / 1h27m 00s$35K$49K10x
ShortPolymarket Perps NBIS-USD233.880.0129get 0.0016% / 1h27m 00s$133K$476K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$16.67
Price spread: +0.043% → 0.000%
$4.28
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$5.94
Costs to cover
0.150%
Break-even
4.5 days
Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Polymarket Perps live order book, 19 min ago1.92 bp5.9 bp −$68.1 bp −$81doesn't fitdoesn't fit
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NBIS on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NBIS-USDT-SWAP0.0000%8h233.91+0.056%$3.3M$16.6M25xas long as short
Gate NBIS_USDT0.0000%8h233.85+0.030%$2.8M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.90+0.051%$2.3M$4.6M20xas long as short
SunX NBIS-USDT0.0000%8h233.83+0.021%$1K$1.4M10xas long as short
HTX NBIS-USDT0.0000%8h234.09+0.133%$13K$62K20xas long as short
Phemex NBISUSDT0.0000%8h233.90+0.051%$1.6M$970K10xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.06+0.120%$250K5xas long as short
Deribit NBIS_USDC-PERPETUALlong+0.0050%1h233.78long leg$35K$49K10x
Ondo Perps NBIS-USD.P+0.0050%1h233.84+0.026%$152K$533K10xas long as short
QFEX NBIS-USD+0.0058%1h233.88+0.043%$1.6M$3.6M10xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NBISUSDTM+0.0100%8h233.61−0.073%$474K$205K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.89+0.047%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.89+0.049%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h234.06+0.120%$383K$870K10xas long as short
Variational Omni NBIS+0.0117%8h233.61−0.075%$2.9M$637Kas long as short
Bybit NBISUSDT+0.0117%8h233.93+0.064%$5.4M$7.0M50xas long as short
Polymarket Perps NBIS-USDshort+0.0129%1h233.88+0.043%$133K$476K10x
Aster NBISUSDT+0.0155%8h234.15+0.160%$81K$314K50xas long as short
BloFin NBIS-USDT+0.0160%8h233.93+0.064%$208K$218K20xas long as short
Binance NBISUSDT+0.0190%8h233.92+0.060%$20.6M$91.4M25xas long as short
Extended NBIS-USD+0.0192%1h233.84+0.026%$146K$847K10xas long as short
Nado NBIS-PERP+0.0194%1h233.74−0.018%$38K$85K3xas long as short
SoDEX NBIS-USD+0.0202%1h233.90+0.051%$94$19K10xas long as short
Kraken Futures PF_NBISUSD+0.0370%1h233.62−0.070%$22K$11K20xas long as short
Phoenix NBIS+0.0377%1h234.06+0.120%$7K$127K10xas long as short
Lighter NBIS+0.0400%1h233.99+0.090%$949K$3.8M10xas long as short
Arcus NBIS-USD+0.0413%1h233.84+0.026%$42K$119K5xas long as short
tradeXYZ xyz:NBIS+0.0416%1h233.93+0.064%$55.6M$18.8M10xas long as short
GRVT NBIS_USDT_Perp+0.0452%8h233.66−0.051%$5K$101K10xas long as short
Entropy io:NBIS+0.0737%1h233.780.000%$10.2M$3.0M10xas long as short
edgeX NBISUSDC+0.0824%4h233.88+0.041%$31K$232K10xas long as short